701 W College Ave

State College, PA 16801 View Map $4,950,000 Schedule a Tour
Sq.Ft.15,428
Year1987
KBB Realtors

KBB Realtors

(814) 234-4000

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Status: Active
Property Type:Commercial
MLS #:PACE2509310
Sq. Feet:15,428
On Site:39 Days
Lot Size:0.8 Acres
County:Centre
Welcome to 701 West College Avenue, your prime investment opportunity nestled in the heart of State College, PA! Situated less than a mile from the esteemed Penn State University, this 16-unit student rental property beckons savvy investors seeking a lucrative addition to their portfolio.
Boasting an unbeatable location, this property offers unparalleled convenience for students, faculty, and staff alike. Imagine the appeal of living just moments away from campus amenities, including academic buildings, dining options, and vibrant student life. With its proximity to Penn State University, tenants will enjoy easy access to campus events, sporting venues, and cultural attractions.

Each of the 16 units within this well-maintained complex provides comfortable living spaces designed to meet the needs of the modern student. From cozy studios to spacious multi-bedroom layouts, there's a residence to suit every lifestyle. Bright interiors, functional floor plans, and essential amenities ensure a welcoming atmosphere conducive to both study and relaxation.

Investors will appreciate the steady stream of rental income generated by this property, as well as its potential for long-term appreciation. This property is already fully rented until August of 2025. With a strong demand for student housing in State College, you can rest assured knowing that this investment promises excellent returns for years to come.

Opportunities like 701 West College Avenue are rare gems in the world of real estate investing. Don't miss your chance to secure a foothold in this dynamic market. Whether you're a seasoned investor or new to the game, this property offers the perfect combination of location, income potential, and value.

Seize the opportunity to make a smart investment in State College's thriving real estate market. Contact us today to schedule a showing and take the first step toward realizing your investment goals with 701 West College Avenue!

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$000 Monthly Payment
Loan and interest only.

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Community Information

Address:701 W College Ave, State College, PA 16801
County:Centre
Zip Code:16801

Features / Amenities

Heating: Baseboard - Electric, Hot Water
Heating Fuel: Electric, Natural Gas
Hot Water: Electric, Natural Gas

Property Features

Lot Size: 0.8 Acres
Lot Dimensions:0.00 x 0.00
Parking Types: Parking Lot
Car Parking Spaces: 26
Sewer: Public Sewer
Water: Public
Municipality: STATE COLLEGE BORO
Zoning:UV
Directions:701 West College Ave.

Tax and Financial Info

Total Taxes: $24,623 (paid Annually)
Tax Year: 2022
School Tax: $15,909
Ownership Type: Fee Simple
Homeowners' Assoc.: No
City Tax Rate: $6,096.00 (Annually)
County Tax Rate: $2,617.00 (Annually)
Acceptable Financing: Bank Portfolio, Cash, Conventional

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701 W College Ave State College,  PA 16801
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701 W College Ave State College, PA 16801
 
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Listing Information Last Updated 4/14/2024
Listing provided courtesy of RE/MAX Centre Realty.